Market Overview and Dynamics
The North American lithium-ion battery recycling market is projected to grow significantly, rising from US$ 35.90 million in 2019 to an estimated US$ 139.56 million by 2027. This reflects a robust compound annual growth rate (CAGR) of 21.4% from 2020 to 2027. Currently, the recycling process is dominated by large-scale pyrometallurgical facilities, which typically operate at temperatures around 1500โฏยฐC to extract valuable metals such as cobalt, nickel, lithium, aluminum, and copper, along with certain organic compounds. However, these operations are highly capital intensive due to the need for controlling toxic fluorine emissions generated during smelting.
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In contrast, hydrometallurgical processing methods are gaining attention as a more energy-efficient and cost-effective alternative. These techniques operate at lower temperatures and require less capital investment, making them attractive for broader adoption. Ongoing research efforts are focused on developing innovative, cost-efficient recycling methods, with several companies already testing these approaches at the pilot-plant level. As a result, more economical and scalable lithium-ion battery recycling solutions are expected to emerge in the near future.
North America Lithium-ion Battery Recycling Strategic Insights
Strategic insights for the North America Lithium-ion Battery Recycling provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Lithium-ion Battery Recycling Report Scope
| Attribute | Details |
| Market Size (2019) | US$ 35.90 Million |
| Market Size (2027) | US$ 139.56 Million |
| CAGR (2020โ2027) | 21.4% |
| Historical Data | 2017โ2018 |
| Forecast Period | 2020โ2027 |
| Segments (Battery Chemistry) | – Lithium-Nickel Manganese Cobalt – Lithium-Iron Phosphate – Lithium-Manganese Oxide – Lithium-Titanate Oxide – Lithium-Nickel Cobalt Aluminum Oxide |
| Segments (Industry) | – Automotive – Mining – Consumer Electronics – Industrial – Power |
| Regions Covered | – North America (US, Canada, Mexico) |
| Key Companies | – American Manganese Inc. – Eco-Bat Technologies – INMETCO – Li-Cycle Corp. – Retriev Technologies – TES |
North America Lithium-ion Battery Recycling Regional Insights
The geographic scope of the North America Lithium-ion Battery Recycling refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
In terms of battery chemistry, the lithium-nickel manganese cobalt segment led the North America lithium-ion battery recycling market in 2019. In terms of industry, consumer electronics segment led the lithium-ion battery recycling market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the lithium-ion battery recycling market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are American Manganese Inc., Eco-Bat Technologies, International Metals Reclamation Company (INMETCO), Li-Cycle Corp., Retriev Technologies, and TES.
North America Lithium-ion Battery Recycling Market Segmentation
| Category | Details |
| By Product | – Lithium-Nickel Manganese Cobalt (NMC) – Lithium-Iron Phosphate (LFP) – Lithium-Manganese Oxide (LMO) – Lithium-Titanate Oxide (LTO) – Lithium-Nickel Cobalt Aluminum Oxide (NCA) |
| By End-User | – Automotive – Mining – Consumer Electronics – Industrial – Power |
| By Country | – United States – Canada – Mexico |
| Key Companies | – American Manganese Inc. – Eco-Bat Technologies – INMETCO – Li-Cycle Corp. – Retriev Technologies – TES |
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Authorโs Bio
Akshay
Senior Market Research Expert at Business Market Insights
